Question: Please help now please!! Required: a. What is the annual rate of interest charged on this loan? b. Using the horizontal financial statements model, record

Please help now please!!

Required: a. What is the annual rate of interest charged on this loan? b. Using the horizontal financial statements model, record the appropriate amounts for the following two exents. (1) Januacy 1, Yoar 1, issue of the note payable. (2) December 31, Year 1, payment on the note payable. Complete this question by entering your answers in the tabs below. What is the annual rate of interest charged on this loan

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